COURSE OF ANNUAL GENERAL MEETING

Pandora A/S 

20.03.2012 13:03
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No. 59
COMPANY ANNOUNCEMENT
20 March 2012


At the Annual General Meeting held today in PANDORA A/S (the 'Company'), the
Annual Report for the period from 1 January 2011 - 31 December 2011 was
adopted. In addition, the Annual General Meeting decided: 


to     adopt the actual remuneration for 2011 and 2012 to the
        Board of Directors;

to     pay DKK 5.5 per share or in total DKK 715 million in dividend
        to the shareholders and transfer the remaining part of the profit,
        DKK 1,322 million to the Company's free reserves;

to     discharge the Board of Directors and the Executive Management
        from liability;

to     approve the changes to the Company's existing incentive
        payment guidelines;

to     re-elect Allan Leslie Leighton, Torben Ballegaard Sørensen,
        Andrea Alvey, Marcello V. Bottoli, Christian Frigast and
        Nikolaj Vejlsgaard and elect Anders Boyer-Søgaard and
        Ronica Wang as new members of the Company's Board of
        Directors; and

to     re-elect Ernst & Young P/S as the Company's auditor.


After the Annual General Meeting was held, the Board of Directors constituted
itself by electing Allan L. Leighton as Chairman and Marcello V. Bottoli as
deputy Chairman of the Board of Directors. 

PANDORA A/S

Allan Leslie Leighton

Chairman

ABOUT PANDORA
PANDORA designs, manufactures and markets hand-finished and modern jewellery
made from genuine materials at affordable prices. PANDORA jewellery is sold in
more than 65 countries on six continents through over 10,500 points of sale,
including more than 670 concept stores. 

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over
5,300 people worldwide of whom 3,600 are located in Gemopolis, Thailand, where
the Company manufactures its jewellery. PANDORA is publicly listed on the
NASDAQ OMX Copenhagen stock exchange in Denmark. In 2011, PANDORA's total
revenue was DKK 6.7 billion (approximately EUR 893 million). For more
information, please visit www.pandoragroup.com. 

CONTACT

For further queries, please contact:

INVESTOR RELATIONS                          MEDIA RELATIONS                     
Morten Eismark, VP Group Investor           Kasper Riis, VP Group Communications
 Relations                                  Phone +45 3673 0627                 
Phone +45 3673 8213                         Mobile +45 3035 6728                
Mobile +45 3045 6719
News Source: NASDAQ OMX



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Language:     English
Company:      Pandora A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0060252690
WKN:          
 
End of Announcement                             DGAP News-Service
 
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